Description

BSE circular announcing corporate actions including dividends and bonus issues for various securities with corresponding book closure dates and shut periods for Securities Lending and Borrowing (SLB).

Summary

BSE has issued a circular detailing corporate actions for various securities that will impact Securities Lending and Borrowing (SLB) operations. The circular covers 33 securities undergoing corporate actions including dividends, bonus issues, and rights issues, with corresponding book closure dates, ex-dates, and SLB shut periods scheduled between August 2025 and September 2025.

Key Points

  • 32 securities declaring dividends with various record/book closure dates
  • 1 bonus issue by Karur Vysya Bank Ltd. (1:1 ratio) on August 26, 2025
  • 1 rights issue by LLOYDS ENTERPRISES LIMITED on August 14, 2025
  • SLB shut periods range from 1-4 days for each corporate action
  • Ex-dates and book closure dates are mostly aligned, with few exceptions

Regulatory Changes

No new regulatory changes introduced. This circular implements existing corporate action procedures for SLB securities.

Compliance Requirements

  • Market participants must observe SLB shut periods for affected securities
  • No new SLB positions can be created during shut periods
  • Existing SLB positions must be managed according to corporate action timelines
  • Participants should note ex-dates for dividend and bonus entitlements

Important Dates

August 2025:

  • August 14: LLOYDS rights issue ex-date and NHPC, Venky’s dividend ex-dates
  • August 18: Aarti Industries dividend ex-date
  • August 19: Refex Industries, Natco Pharma dividend ex-dates
  • August 22: Paradeep Phosphates, Jindal Steel & Power, Jindal Stainless dividend ex-dates
  • August 25: Repco Home Finance dividend ex-date
  • August 26: Karur Vysya Bank bonus issue ex-date
  • August 28: JYOTHY LABS dividend ex-date
  • August 29: Vijaya Diagnostic, Zee Entertainment dividend ex-dates

September 2025:

  • Multiple dividend ex-dates throughout September for remaining securities

Impact Assessment

Market Impact: Medium - affects trading liquidity in SLB segment for 33 securities during shut periods. Operational Impact: Medium - market participants need to adjust SLB strategies around corporate action dates. Investor Impact: Positive for dividend-receiving investors, neutral for SLB participants who must observe trading restrictions during specified periods.

Impact Justification

Affects multiple securities with corporate actions impacting SLB trading during specified shut periods